Terraform Labs and its former CEO, Do Kwon, have been found guilty of breaching the Securities Act of 1933 by selling crypto assets without proper registration. The trial lasted nine days, and the verdict has sent shockwaves through the digital finance community, underscoring the challenges of regulatory compliance in the crypto world. Read Also: Terra […]
The Terra Classic (LUNC) and USTC ecosystems witnessed a significant price increase following the news of Do Kwon’s release from Montenegrin custody. While Do Kwon and Terraform Labs severed ties with Terra Classic, the news sparked a surge in buying activity, leading to notable token gains. Read Also: Unleash Your Creativity & Boost Income with […]
Do Kwon, the founder of TerraForm Labs, is set to be extradited to South Korea to face charges related to the 2022 collapse of the Terra ecosystem. This comes after a Montenegrin appeals court rejected Kwon’s attempt to overturn a lower court decision favouring South Korea’s extradition request. Read Also: Terra Luna Classic (LUNC) Burns […]
Bitcoin tumbles underneath $70K, which triggers a cascading type of influence, with altcoins like Terra Classic taking a 32% dip. LUNC trades at $0.00013, denoting a wild ride from the high experienced lately! This unexpected rejection in LUNC from a “Stiff seller congestion zone” shows that the coin might confront further dip soon. The Trending […]
The extradition saga of Do Kwon the co-founder of Terra has been on the news for a while now with ups and downs. A few days ago the Appellate court of Montenegro annulled his extradition, it seems Terra’s co-founder will not be resting soon as there is a new move to ensure his removal to […]
Kwon’s legal team cites uncertainties in Montenegro proceedings, requesting a trial postponement. Do Kwon, the embattled founder of Terraform Labs, is facing another hurdle in his legal saga as his extradition from Montenegro remains entangled in legal technicalities. This has prompted his lawyers to request a postponement of his upcoming US trial, initially scheduled for […]
In a surprising turn of events, the Montenegro Appeals Court has ruled in favour of Do Kwon, the ex-co-founder and ex-CEO of Terraform Labs, revoking his extradition for criminal trials in South Korea and the U.S. This legal development has significantly impacted the prices of Terra-backed tokens, including LUNA, LUNC, and USTC, sending them on […]
In a significant turn of events, Do Kwon, the founder of Terraform Labs, has been released from detention. This development has sparked anticipation within the cryptocurrency community that his return could contribute to a potential spike in the Terra Luna Classic (LUNC) token’s price. Terra Luna Classic Price Prediction as Do Kwon and Terraform Labs […]
Top law firm Dentons has filed supplementary documents in defence of Terraform Labs and its co-founder, Do Kwon, in their ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The court hearing, which took place on Thursday, focused on whether the digital assets created by Terraform Labs should be classified as securities under […]